Decade Renewable Partners LP Has $12.32 Million Stock Position in Entergy Co. (NYSE:ETR)

Decade Renewable Partners LP increased its stake in shares of Entergy Co. (NYSE:ETR) by 45.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,118 shares of the utilities provider’s stock after acquiring an additional 35,716 shares during the quarter. Entergy makes up 6.0% of Decade Renewable Partners LP’s investment portfolio, making the stock its 5th largest position. Decade Renewable Partners LP owned approximately 0.05% of Entergy worth $12,318,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Drucker Wealth 3.0 LLC bought a new position in Entergy in the second quarter worth about $3,093,000. Ameriprise Financial Inc. boosted its holdings in shares of Entergy by 47.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,479,044 shares of the utilities provider’s stock valued at $693,260,000 after acquiring an additional 2,075,776 shares during the last quarter. AQR Capital Management LLC grew its position in Entergy by 38.2% in the 2nd quarter. AQR Capital Management LLC now owns 443,634 shares of the utilities provider’s stock worth $47,287,000 after purchasing an additional 122,610 shares during the period. AXA S.A. grew its stake in shares of Entergy by 69.9% during the 2nd quarter. AXA S.A. now owns 22,517 shares of the utilities provider’s stock valued at $2,409,000 after purchasing an additional 9,263 shares during the period. Finally, Toronto Dominion Bank raised its position in Entergy by 60.7% in the second quarter. Toronto Dominion Bank now owns 105,875 shares of the utilities provider’s stock worth $11,329,000 after acquiring an additional 39,992 shares during the period. 88.07% of the stock is currently owned by institutional investors.

Insider Transactions at Entergy

In other Entergy news, CEO Andrew S. Marsh sold 600 shares of the company’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total transaction of $72,018.00. Following the sale, the chief executive officer now directly owns 150,731 shares of the company’s stock, valued at $18,092,241.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Andrew S. Marsh sold 3,200 shares of the business’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $121.46, for a total value of $388,672.00. Following the sale, the chief executive officer now directly owns 150,731 shares in the company, valued at $18,307,787.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Andrew S. Marsh sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $120.03, for a total value of $72,018.00. Following the completion of the transaction, the chief executive officer now owns 150,731 shares of the company’s stock, valued at approximately $18,092,241.93. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,810 shares of company stock valued at $6,140,626. 0.39% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Entergy from $125.00 to $137.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Guggenheim boosted their price objective on shares of Entergy from $118.00 to $128.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Argus upgraded shares of Entergy to a “strong-buy” rating in a research note on Wednesday, August 28th. Mizuho boosted their target price on shares of Entergy from $107.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Finally, Scotiabank upped their price objective on shares of Entergy from $115.00 to $119.00 and gave the company a “sector perform” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.81.

Entergy Trading Down 0.2 %

Entergy stock opened at $129.75 on Thursday. The company has a quick ratio of 0.62, a current ratio of 0.94 and a debt-to-equity ratio of 1.81. The firm has a 50-day moving average price of $119.42 and a two-hundred day moving average price of $111.31. The firm has a market capitalization of $27.74 billion, a price-to-earnings ratio of 13.01, a PEG ratio of 2.46 and a beta of 0.73. Entergy Co. has a 52-week low of $87.10 and a 52-week high of $131.03.

Entergy (NYSE:ETR) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.16. The business had revenue of $2.95 billion during the quarter, compared to analyst estimates of $2.98 billion. Entergy had a return on equity of 10.10% and a net margin of 14.75%. During the same period last year, the company posted $1.84 EPS. Sell-side analysts expect that Entergy Co. will post 7.22 earnings per share for the current year.

Entergy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 13th were paid a $1.13 dividend. This represents a $4.52 annualized dividend and a dividend yield of 3.48%. The ex-dividend date was Tuesday, August 13th. Entergy’s payout ratio is presently 45.34%.

Entergy Profile

Entergy Corporation, together with its subsidiaries, engages in the production and retail distribution of electricity in the United States. It generates, transmits, distributes, and sells electric power in portions of Arkansas, Louisiana, Mississippi, and Texas, including the City of New Orleans; and distributes natural gas.